Industrial Goods Market in Review (GE, CX, PHM, DHI)

Los Angelas, CA -- (SBWIRE) -- 10/16/2012 -- General Electric (NYSE:GE) is very active today and traded between $22.49 - 22.70 with total traded volume of 29580842 shares. At a current price of 22.64, GE is +0.16 - +0.71% from the previous close of $22.48. Moreover, At Current Market Price, GE is in distance of +2.77% from its 50-day Moving Average price of $22.03 and +11.30% from its 200-day Moving Average price of $20.3418.In current session stock of General Electric Company (NYSE:GE) shares surges 0.36% to $22.56.General Electric Company (NYSE:GE) investors are searching for yield and different companies are presently taking benefit of the condition by issuing additional long-dated bonds as they try to reduce their refinancing necessities in the coming years when interest rates will probably hike, the Wall Street Journal stated.

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CEMEX SAB de CV (NYSE: CX), announced today that consolidated net sales reached U.S.$3.9 billion during the third quarter of 2012, an increase of 2% on a like-to-like basis for the ongoing operations and adjusting for currency fluctuations, versus the comparable period in 2011. Operating EBITDA increased by 9% during the quarter to U.S.$730 million versus the same period in 2011. On a like-to-like basis, operating EBITDA increased by 13% in the same period.CEMEX's Consolidated Third-Quarter 2012 Financial and Operational HighlightsThe increase in consolidated net sales on a like-to-like basis was due to higher prices in local currency terms in most of our regions.Operating income in the third quarter increased by 35%, to U.S.$410 million.Shares of Cemex, S.A.B. de (NYSE: CX) are trading at $8.80 and is +5.81% of its 50-day Moving Average price of $8.3171 and +25.24% from its 200-day Moving Average price of $7.0265. The average trading volume is 12253000 shares and its market capitalization is $9.575B.

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PulteGroup, Inc. (NYSE:PHM) reported EPS of -0.223. For the Current Fiscal year, the company is expected to report EPS of 0.52. For the Next Quarter and Next Year, the company is expected to report EPS of 0.24 and 0.91 respectively. At Current Market Price, PHM is in the distance of +6.56% of its 50-day Moving Average price of $15.3906 and +43.60% from its 200-day Moving Average price of $11.4207. PulteGroup (PHM) pushed the Materials & Construction industry higher today making it today's featured materials & construction winner. The industry as a whole closed the day up 1%. By the end of trading, PulteGroup rose 79 cents (5.1%) to $16.40 on average volume. Throughout the day, 10.9 million shares of PulteGroup exchanged hands as compared to its average daily volume of 14.4 million shares. The stock has ranged in a price between $15.50-$16.50 after having opened the day at $15.69 as compared to the previous trading day's close of $15.61.

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D.R. Horton (NYSE:DHI) , which tacked on 3.5%. Most homebuilders have been rising steadily throughout 2012, but weakness last week indicated that some investors felt the sector had become overpriced. Fitch's projections might have changed that impression, but the homebuilders will only hold on to their gains if the data coming out this week confirms Fitch's optimism.Shares of D.R. Horton (NYSE: DHI) from a buy rating to a neutral rating in a report issued on Thursday.The analysts noted that the move was a valuation call.Shares of D.R. Horton opened at 19.96 on Thursday. D.R. Horton has a one year low of $9.40 and a one year high of $22.79. The company has a market cap of $6.373 billion and a P/E ratio of 7.52.Several other analysts have also recently commented on the stock. Analysts at Citigroup raised their price target on shares of D.R. Horton from $19.00 to $25.00 in a research note to investors on Wednesday, October 3rd. They now have a buy rating on the stock. Separately, analysts at JPMorgan Chase reiterated a neutral rating on shares of D.R. Horton in a research note to investors on Friday, September 28th. They now have a $20.00 price target on the stock. Finally, analysts at Susquehanna downgraded shares of D.R. Horton to a neutral rating in a research note to investors on Thursday, September 27th.

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